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How applicable are the new Keynesian DSGE models to a typical low-income economy?
SENBATA, Sisay Regassa - Faculteit Toegepaste Economische Wetenschappen, … - 2011
This paper assesses the applicability of new Keynesian DSGE models to low income economies similar to those in Sub Saharan Africa. To this effect, we first review the development, criticisms and recent advances in DSGE modeling. Then we assess the implications that emanate from the assumptions...
Persistent link: https://www.econbiz.de/10009353450
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A small open economy New Keynesian model for a foreign exchange constrained economy
Senbeta, Sisay - Volkswirtschaftliche Fakultät, … - 2011
Firms in many low income countries depend entirely on imported capital and intermediate inputs. As a result, in these countries economic activity is considerably influenced by the capacity of the economy to import these inputs which, in turn, depends on the availability and cost of foreign...
Persistent link: https://www.econbiz.de/10008924815
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A small open economy new Keynesian DSGE model for a foreign exchange constrained economy
SENBETA, Sisay Regassa - Faculteit Toegepaste Economische Wetenschappen, … - 2011
Firms in many low income countries depend entirely on imported capital and intermediate inputs. As a result, in these countries economic activity is considerably influenced by the capacity of the economy to import these inputs which, in turn, depends on the availability and cost of foreign...
Persistent link: https://www.econbiz.de/10009021648
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Foreign exchange constraints and macroeconomic dynamics in a small open economy
SENBETA, Sisay Regassa - Faculteit Toegepaste Economische Wetenschappen, … - 2013
Firms in most low-income countries depend almost entirely on imported capital and intermediate inputs. As a result, the availability and cost of foreign exchange play a crucial role on the macroeconomic performance of these countries. In this study we introduce foreign exchange constraints that...
Persistent link: https://www.econbiz.de/10010710032
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Informality and macroeconomic fluctuations: A small open economy New Keynesian DSGE model with dual labour markets
SENBETA, Sisay Regassa - Faculteit Toegepaste Economische Wetenschappen, … - 2013
How do key macroeconomic variables of a small open economy with segmented labour markets behave in response to domestic and external shocks? In this paper we attempt to address this question by modeling the coexistence of a formal labour market with higher wage rates and search frictions, and an...
Persistent link: https://www.econbiz.de/10010839861
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Growth co-movements between Nigeria and its industrialized trade partners: Does the decoupling hypothesis hold for Nigeria?
Ibironke, Adesola - In: West African Journal of Monetary and Economic Integration 17 (2017) 1, pp. 99-124
Are there still significant common macroeconomic fluctuations between Nigeria and its industrial trade partners, even … fluctuations between Nigeria and its two main (industrial) trade partners, namely the US and the Euro Area. This involves testing … degree of growth fluctuations between the country and its two industrial trade partners. Key policy implications of this …
Persistent link: https://www.econbiz.de/10013362900
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Growth co-movements between Nigeria and its industrialized trade partners : does the decoupling hypothesis hold for Nigeria?
Ibironke, Adesola - In: West African journal of monetary and economic integration 17 (2017) 1, pp. 99-124
Are there still significant common macroeconomic fluctuations between Nigeria and its industrial trade partners, even … fluctuations between Nigeria and its two main (industrial) trade partners, namely the US and the Euro Area. This involves testing … degree of growth fluctuations between the country and its two industrial trade partners. Key policy implications of this …
Persistent link: https://www.econbiz.de/10013348356
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The impact of foreign financial inflows on the economic growth of sub-Saharan African countries : an empirical approach
Ayenew, Belesity Bekalu - In: Cogent economics & finance 10 (2022) 1, pp. 1-12
The impact of foreign financial inflows on the economic growth of recipient countries is a controversial issue in many empirical studies. The majority of the previous studies use one variable as an indicator of foreign financial inflows; they fail to incorporate many variables. The study fills...
Persistent link: https://www.econbiz.de/10013373036
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Drivers of Growth : Evidence from Sub-Saharan African Countries
Ghazanchyan, Manuk - 2013
This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and public investment, government consumption, the exchange regime and real exchange...
Persistent link: https://www.econbiz.de/10013071368
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The impact of foreign financial inflows on the economic growth of sub-Saharan African countries: An empirical approach
Ayenew, Belesity Bekalu - In: Cogent Economics & Finance 10 (2022) 1, pp. 1-12
The impact of foreign financial inflows on the economic growth of recipient countries is a controversial issue in many empirical studies. The majority of the previous studies use one variable as an indicator of foreign financial inflows; they fail to incorporate many variables. The study fills...
Persistent link: https://www.econbiz.de/10015074010